Citywide Supportive Housing Development Fund Corporation

Analysis

Citywide Supportive Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Citywide Supportive Housing Development Fund Corporation reported income of $116k and spending of $287k, spending 247% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $105k to $116k (+10%), an average of +2.0% a year. Over the whole period it spent 189% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Citywide Supportive Housing Development Fund Corporation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include New Smyrna Beach Housing Development Corporation ($116k), LSS Housing Woodview Inc ($116k) and LSS Housing Woodside Inc ($116k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $1.7m against liabilities of $66k, net assets of $1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.